Ulta says holiday sales up 23 percent

Published on NewsOK Modified: January 4, 2013 at 12:03 pm •  Published: January 4, 2013

The company said that it had a record sales performance during the Black Friday and Cyber Monday weekend but it slowed in early December before rebounding the weekend before Christmas. Ulta said customers were more sensitive to value as they shopped its stores and online throughout the holiday period.

Ulta expects to earn 96 cents to 98 cents per share for the quarter on revenue of $742 million to $754 million. Analysts polled by FactSet are expecting the company to earn 98 cents per share on revenue of $752.4 million. It forecast an increase in revenue from established stores of 5 percent to 7 percent.

The company, based in Bolingbrook, Ill., operates Ulta 550 stores across the country.

Its shares fell $5.10 to $96.88 by midday but remain at the upper-end of its 52-week trading range of $68.52 to $103.52.